Individual retirement accounts can be opened only by self-employed people such as doctors, small business owners, and consultants
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Individual retirement accounts are tax-deferred pension funds that any wage earners and their spouses can set up to supplement their retirement income.
You might also like to view...
A firm that adopts the "marketing concept" will aim all its efforts at satisfying customers, while trying to make a profit.
Answer the following statement true (T) or false (F)
A line that produces several items belonging to the same family is called a:
A) mixed-model line. B) part family line. C) group technology line. D) cellular line.
Sarah's Computer City sells 5,000 boxes of CD-RW compact discs per year. She determined that
she pays $50 to process an order for discs. Her purchase price is $6 for each box of discs and she has determined that storage costs for one year are 25 percent of the purchase price. What is her approximate total carrying cost? A) $216.75 B) $306.75 C) $432.75 D) $2,167.50 E) $4,327.50
Costs, losses, and expenditures are examples of ______ payoffs.
A. positive-flow B. negative-flow C. optimized-flow D. reduced-flow